Author: PROGRESS In Lending

cybersecurityIn The News

Report: AI Vendor Risk Ties Cybersecurity As Top Concern For The First Time

Ncontracts, a provider of integrated compliance, risk, and vendor management solutions to the financial services industry, released the 2026 State of Third-Party Risk Management Survey — revealing that for the first time, financial institutions rank AI risk on par with cybersecurity as their top third-party concern, even as 72% admit they are only partially aware of which vendors use AI and not a single organization feels extremely confident managing it.

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